NYSE:NFGC

New Found Gold (NFGC) Stock Forecast, Price & News

$4.18

+0.09 (+2.20%)

(As of 09/28/2023 ET)

Compare

Today's Range: $4.06
▼
$4.18
50-Day Range: $4.09
▼
$4.96
52-Week Range: $3.22
▼
$5.70

Volume: 85,933 shs
Average Volume: 220,965 shs
Market Capitalization: $747.63 million

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $9.00

New Found Gold MarketRank™ Forecast

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 115.3% Upside
$9.00 Price Target
Short Interest: N/A
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 0.32
Based on 3 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: Growing
From ($0.30) to ($0.28) Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.77 out of 5 stars

Basic Materials Sector

134th out of 167 stocks

Gold & Silver Ores Industry

29th out of 35 stocks

3.5

Analyst's Opinion

Consensus Rating
New Found Gold has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 2 buy ratings, no hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $9.00, New Found Gold has a forecasted upside of 115.3% from its current price of $4.18.
Amount of Analyst Coverage
New Found Gold has only been the subject of 2 research reports in the past 90 days.

N/A

Short Interest

Short Interest
There is no current short interest data available for NFGC.

0.0

Dividend Strength

Dividend Yield
New Found Gold does not currently pay a dividend.
Dividend Growth
New Found Gold does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for NFGC.

2.4

News and Social Media Coverage

News Sentiment
New Found Gold has a news sentiment score of 0.32. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Basic Materials companies.
News Coverage This Week
MarketBeat has tracked 3 news articles for New Found Gold this week, compared to 2 articles on an average week.
MarketBeat Follows
7 people have added New Found Gold to their MarketBeat watchlist in the last 30 days.

0.0

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, New Found Gold insiders have not sold or bought any company stock.
Percentage Held by Institutions
Only 3.43% of the stock of New Found Gold is held by institutions.

0.6

Earnings and Valuation

Earnings Growth
Earnings for New Found Gold are expected to grow in the coming year, from ($0.30) to ($0.28) per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of New Found Gold is -12.67, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of New Found Gold is -12.67, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
New Found Gold has a P/B Ratio of 11.30. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About New Found Gold (NYSE:NFGC) Stock

New Found Gold Corp., a mineral exploration company, engages in the identification, acquisition, and exploration of mineral properties in the Provinces of Newfoundland and Labrador, and Ontario. The company primarily explores for gold deposit. It holds 100% interests in the Queensway project that includes 94 mineral licenses and 6,649 claims covering an area of 166,225 hectares of land located near Gander, Newfoundland; and the Lucky Strike project comprising 11,684 hectares located in Kirkland Lake, Ontario. The company was formerly known as Palisade Resources Corp. and changed its name to New Found Gold Corp. in June 2017. New Found Gold Corp. was incorporated in 2016 and is headquartered in Vancouver, Canada.

NFGC Price History

30 days | 90 days | 365 days | Advanced Chart

NFGC Stock News Headlines

September 28, 2023 | finance.yahoo.com

NFGC Oct 2023 5.000 call

September 27, 2023 | finance.yahoo.com

New Found Intercepts 3.29 g/t Au Over 42.4m, Further Defines 30m+ Thick Gold Zone at Keats West

September 29, 2023 | Stansberry Research (Ad)

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September 23, 2023 | americanbankingnews.com

New Found Gold's (NFGC) Buy Rating Reiterated at Roth Mkm

September 20, 2023 | finance.yahoo.com

PALISADES ANNOUNCES NEW FOUND INTERCEPTS AT 421 ZONE AND MINERALIZATION AT GROUSE ZONE AT QUEENSWAY PROJECT

September 13, 2023 | finance.yahoo.com

New Found Intercepts 47 g/t Au Over 10.55M & 115 g/t Au Over 4.10M at Iceberg East; Defines Near-surface, High-grade Segment of Iceberg-Iceberg East Covering 570M Strike

September 5, 2023 | finance.yahoo.com

New Found Hits 119 g/t Au Over 4.10M & 147 g/t Au Over 2.70M at Jackpot

August 28, 2023 | finance.yahoo.com

PALISADES ANNOUNCES NEW FOUND GOLD DEFINES MINERALIZED FOOTPRINT AT K2 ZONE AT QUEENSWAY PROJECT

September 29, 2023 | Stansberry Research (Ad)

A 73-Year-Old Market Signal With 95% Accuracy Just Flashed

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August 22, 2023 | finance.yahoo.com

NEW FOUND INTERCEPTS 86.9 G/T AU OVER 5.30M & 29.4 G/T AU OVER 7.75M AT ICEBERG

August 21, 2023 | finance.yahoo.com

New Found Announces Completion of 3-D Seismic Survey

August 16, 2023 | finance.yahoo.com

New Found to Uncover Keats Zone in Surface Trench

August 14, 2023 | finance.yahoo.com

Maritime Announces New Found Gold as Lead Investor in Previously Announced Note Offering and Memorandum of Understanding for Toll Processing at Pine Cove

August 9, 2023 | finance.yahoo.com

New Found Intercepts 167 g/t Au Over 4.70M at Iceberg

August 7, 2023 | nasdaq.com

NFGC Makes Notable Cross Below Critical Moving Average

August 3, 2023 | ca.finance.yahoo.com

NFGC Aug 2023 7.500 call

August 2, 2023 | finance.yahoo.com

PALISADES ANNOUNCES NEW FOUND GOLD INTERCEPTS AT KEATS FOOTWALL

July 24, 2023 | finance.yahoo.com

New Found Intercepts 101 g/t Au Over 2.75m & 11.5 g/t Au Over 8.9m at "421 Zone" at Keats Main

July 15, 2023 | msn.com

Gold should be dead, but somehow it’s still adding value

July 8, 2023 | theglobeandmail.com

Is This The Next Big Gold Discovery In Newfoundland? Early Indications Point To It

July 5, 2023 | finance.yahoo.com

New Found Intercepts 14.5 g/t Au Over 27.8m, 9.7 g/t Au Over 20.3m, 34.6 g/t Au Over 5.3m, 39 g/t Au Over 4.3m & 33 g/t Au Over 4.8m at Iceberg

July 5, 2023 | finance.yahoo.com

PALISADES ANNOUNCES FURTHER NEW FOUND INTERCEPTS AT ICEBERG AND ICEBERG EAST ZONES AT QUEENSWAY PROJECT

June 28, 2023 | finance.yahoo.com

New Found Intercepts 31 g/t Au Over 7.95m at Iceberg & 15 g/t Au Over 7.55m at Iceberg East

June 26, 2023 | juniorminingnetwork.com

St. James Gold Signs Letter of Consent to let New Found Gold Conduct Single Line 2D Seismic Survey over Grub Line Property in Newfoundland

June 26, 2023 | finance.yahoo.com

New Found Provides Update on Industry-leading 3-D Seismic Survey at Its Queensway Gold Project

June 22, 2023 | finance.yahoo.com

New Found Makes New High-grade, at Surface Discovery Intercepting 95.7 g/t Au Over 3.25m at "Jackpot Zone"

June 20, 2023 | finance.yahoo.com

New Found Intercepts 49.5 g/t Au Over 2.30M & 20.2 g/t Au Over 3.35M at Knob, 2km South of Keats

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NFGC Company Calendar

Last Earnings: 8/14/2023
Today: 9/28/2023
Fiscal Year End: 12/31/2023

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Industry, Sector and Symbol

Stock Exchange: NYSE
Industry: Gold & silver ores
Sub-Industry: N/A
Sector: Basic Materials
Current Symbol: NYSE:NFGC
CUSIP: N/A
CIK: 1840616
Web: newfoundgold.ca
Phone: 604-562-9664
Fax: N/A
Employees: 93
Year Founded: N/A

Price Target and Rating

Average Stock Price Forecast: $9.00
High Stock Price Forecast: $9.00
Low Stock Price Forecast: $9.00
Forecasted Upside/Downside: +115.8%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 2 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($0.33)
Trailing P/E Ratio: N/A
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $-69,220,000.00
Net Margins: N/A
Pretax Margin: N/A
Return on Equity: -115.24%
Return on Assets: -88.97%

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: 3.60
Quick Ratio: 3.60

Sales & Book Value

Annual Sales: N/A
Price / Sales: N/A
Cash Flow: N/A
Price / Cash Flow: N/A
Book Value: $0.37 per share
Price / Book: 11.27

Miscellaneous

Outstanding Shares: 178,860,000
Free Float: N/A
Market Cap: $745.85 million
Optionable: Not Optionable
Beta: 1.42

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Key Executives

Mr. Collin Kettell (Age 32)
Founder, Exec. Chairman & CEO
Comp: $398.85k

Mr. Denis Roland Laviolette B.Sc (Age 38)
B.Sc., Founder, Pres & Director
Comp: $279.19k

Mr. Michael Kanevsky C.A. (Age 41)
CPA, Chief Financial Officer
Comp: $119.65k

Mr. Greg Matheson B.Sc. (Age 37)
P. Geo, P.Geo., Chief Operating Officer
Comp: $259.25k

Mr. Ronald Hampton
Chief Devel. Officer

Ms. Melissa Render P.Geo.
VP of Exploration

Ms. Janet Francis (Age 55)
Corp. Sec.

Key Competitors

View All Competitors

Institutional Ownership

View All Institutional Transactions

NFGC Stock - Frequently Asked Questions

Should I buy or sell New Found Gold stock right now?: 2 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for New Found Gold in the last twelve months. There are currently 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" NFGC shares.
View NFGC analyst ratings or view top-rated stocks.
What is New Found Gold's stock price forecast for 2023?: 2 Wall Street analysts have issued twelve-month price targets for New Found Gold's stock. Their NFGC share price forecasts range from $9.00 to $9.00. On average, they anticipate the company's share price to reach $9.00 in the next twelve months. This suggests a possible upside of 115.8% from the stock's current price.
View analysts price targets for NFGC or view top-rated stocks among Wall Street analysts.
How have NFGC shares performed in 2023?: New Found Gold's stock was trading at $4.04 at the beginning of the year. Since then, NFGC shares have increased by 3.2% and is now trading at $4.17.
View the best growth stocks for 2023 here.
How were New Found Gold's earnings last quarter?: New Found Gold Corp. (NYSE:NFGC) issued its earnings results on Monday, August, 14th. The company reported ($0.07) EPS for the quarter.

What is New Found Gold's stock symbol?: New Found Gold trades on the New York Stock Exchange (NYSE) under the ticker symbol "NFGC."
Who are New Found Gold's major shareholders?: New Found Gold's stock is owned by many different retail and institutional investors. Top institutional shareholders include Van ECK Associates Corp (2.51%), Integrated Advisors Network LLC (0.38%), Citadel Advisors LLC (0.00%), Bank of Montreal Can (0.02%), Cibc World Market Inc. (0.02%) and Cannell & Co. (0.02%).
How do I buy shares of New Found Gold?: Shares of NFGC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.
What is New Found Gold's stock price today?: One share of NFGC stock can currently be purchased for approximately $4.17.
How much money does New Found Gold make?: New Found Gold (NYSE:NFGC) has a market capitalization of $745.85 million. The company earns $-69,220,000.00 in net income (profit) each year or ($0.33) on an earnings per share basis.
How can I contact New Found Gold?: New Found Gold's mailing address is 800 West Pender Street Suite 1430 Vancouver, BC V6C 2V6 Canada https://newfoundgold.ca800 West Pender Street Suite 1430 Vancouver, BC V6C 2V6 Canada. The official website for the company is newfoundgold.ca. The company can be reached via phone at 604-562-9664.

This page (NYSE:NFGC) was last updated on 9/29/2023 by MarketBeat.com Staff

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New Found Gold (NFGC) Stock Forecast, Price & News

New Found Gold MarketRank™ Forecast

Overall MarketRank™

Analyst's Opinion

Short Interest

Short Interest

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

MarketBeat Follows

Company Ownership

Earnings and Valuation

About New Found Gold (NYSE:NFGC) Stock

NFGC Price History

NFGC Stock News Headlines

NFGC Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Institutional Ownership

NFGC Stock - Frequently Asked Questions

Overall MarketRank^™